Market slide gains momentum
Today's Breakfast with Benjamin looks at what the jobs report could mean for stocks, Argentina's strategy of denial and Federal Reserve data cherry-picking.
- The market selloff goes global and today’s equity market futures don’t look much better as the jobs report could paint stocks into a corner. The MSCI All-Country World Index down 0.6%
- High-yield bond funds relish the new level of volatility because they are flush with cash. An opportunity to re-price risk
- Argentina’s president counters her country’s default status by essentially denying it. But Argentina’s stock and bond markets continue to deny her denial. ‘Atomic silliness’
- Fed policy has become increasingly flexible thanks to some decisive cherry-picking of economic data. Mandate? We don’t need no stinking mandate
- Adjusting your portfolio based on what you think Fed Chair Janet Yellen is trying to say. Risky business
- And you think you had a bad day? Detroit Tigers outfielder, Austin Jackson, was traded to another team in the middle of an at bat last night. Yer outta here
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